Joshua Jones on July 28, 2022
There have been significant shakeups in the WWE landscape over the past week. Not only has Vince McMahon retired, but Stephanie McMahon and Nick Khan have taken over as co-CEOs. A new report suggests that WWE employees are having difficulty creating a safety net in case things turn sideways.
According to Wrestlenomics’ Brandon Thurston, many WWE employees are prohibited from selling or buying company shares until further notice. The report noted that Senior Vice President and Assistant General Counsel James Langham wrote an email to all WWE staff.
Please be advised that, in light of recent developments, the Company’s trading window has closed effective immediately for all employees,” Langham’s message stated.
Until further notice you are prohibited from any purchases or sales of Company securities. You are also instructed not to speak with others about this note.
The report also adds that the company is more likely to be sold now that McMahon is no longer involved. However, CNBC reported Tuesday that a potential sell wasn’t in the cards, according to someone close to the situation. It’s unclear why the company has told its staff not to make any stock moves.
This is certainly an interesting development as WWE’s stock price received some extra attention as of late. It did not tank, and that’s a good thing. Only time will tell how long this company-wide ban on trading their stocks will last.
What do you make of this developing story? Sound off in the comments section below.
July 28, 2022 5:58 pm
Disqus Comments Loading...
